From the Previous Question, Belinda Omitted to Advise You That

question 20

Essay

From the previous question, Belinda omitted to advise you that she also has some capital gains tax information arising from shares she had sold in the 2014 financial year. In addition, Belinda also forgot to tell you that she has a carry forward capital loss as at the start of the 2014 financial year of $3,700. All the shares listed below were sold on the 19^th March 2014 with the remaining relevant capital gains tax information as follows:
a) Calculate the 2014 net taxable capital gain / loss for Belinda.
b) Calculate Belinda's adjusted 2014 taxable income.
c) Calculate Belinda's adjusted 2014 net tax payable / refund including the medicare levy and any low income tax offset.
d) Calculate the overall change in 2014 tax liability as a result of the additional information provided by Belinda.

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Definitions:

Labor Costs

The total expense incurred by employers for the compensation of their workforce, including wages, salaries, benefits, and any other forms of compensation.

Declining Customer Orders

A reduction in the number of purchases or requests for services from customers, indicating potential challenges for a business.

Dismissal

The act of terminating an employee's employment due to circumstances such as misconduct, lack of fit, or economic downsizing.

Mistreated

Subjected to bad or inappropriate treatment or behavior.